We perform a slow rebalance to take profits and reallocate to add to our losers. While everything is down, $MATIC books a 100% profit since our last rebalance and keeping us in the green. We reduce our exposure to $BNT from 10- to 5% and add 5% to $GRT, making this 10% of our holdings. The blockchain search engine shows promising developments and is IMO ready to go up.
This dump is to shake you out even though you'd be better off buying the dip. 😎
I expect a capital rotation from $ETH to $DeFi.
Adding a basket of $BAL, $SXP, $SNX, $SUSHI, $UTK, and $ALPHA to the strategy. 🚀
Keeping $ATOM and $BNT. Removing $LTC
$BTC shows weakness even after bouncing off of the daily Moving Average (99).
$ETH is still looking good, but the last daily candles signaled indecisiveness. 🤔
Most @ALTS are taking double-digit percentage hits over the last 24 hours.
$ATOM still looks very good. $BNT and $BAND are sitting near support zones and will be reevaluated once the market rebounds.
Favor coins with a strong trend 📈
We add $RSR to our portfolio at 5% of our allocations, decreasing our $BNT allocation from 15- to 10%. With recent surges in interest for stable-coins and its rapid expansion to Latin American markets and good tokenomics, we expect to see much room for upside price action here we do not want to miss.
We'll keep a close eye on this one.
4 months ago, Bancor released their flagship single sided impermanent loss protection solution for liquidity pools. 70x increase in total value locked and 55x increase in volume later, Bancor starts using 5% of all swap fees on the protocol to buy vBNT back and burn it. By burning vBNT, Bancor locks BNT in the protocol forever.
TLDR: More demand & less supply for $BNT = 📈.